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What is Pendo?

Pendo is the name for the Social Exchange Platform ( and the name of its unit of account. As a unit it is used to price services traded on the platform.


What does Pendo do?

Our members use Pendo for a variety of reasons. With Pendo you can: improve your living standard without increasing your living expenditures; earn a living in the sharing economy alongside your job in the market economy; build strong and lasting ties with your community.


Why can i spend Pendo before I am obliged to earn them?

It would not be fair if only some members can spend before they are obliged to earn. Every member can set their individual credit and debit limits. This puts every member in charge of their obligations as well as their claim to the Pendo community.


How do I use Pendo?

Just sign up and create an account. You receive an account number and are ready to receive and claim Pendo from any other account holder. This is all you need to get started.


What is the value of a Pendo?

This is a rather philosophical question. Albert Einstein once said that “The value of a man should be seen in what he gives and not in what he is able to receive”. Maybe you are looking for how services are priced on the platform?
If you think this is a valid question we came across this quote from Oskar Wilde that might bear some insight. He once wrote “What is a cynic? A man who knows the price of everything and the value of nothing. And a sentimentalist, my dear Darlington, is a man who sees an absurd value in everything, and doesn’t know the market place of any single thing.” What are you, a cynic or a sentimentalist?


How are services priced?

Services are priced by their sellers in Pendo. Every seller can set the price for their service according to their own will. The price payed for a service is one upon seller and buyer have agreed on.
For convenience we suggest to keep in mind a 1:1 conversion rate between Pendo and conventional currencies (Euro, Yen, Pound, Dollar,…). This makes it very easy for seller and buyer to judge the relative value of the service priced.


How are Pendo created?

A Pendo is created as debit and credit simultaneously in the moment a trade happens. If you are a seller of a service you will be credited the equal amount of Pendo the buyer gets debited.


What can I offer in exchange for Pendo?

You can practically provide services that are legal to sell using conventional currency in your country. You can offer professional services but also activities that are defined as casual work.


What is a Gulture?

A Gulture is our name for a social marketplace. Gultures are like invisible circles of trust and companionship and consists of people who are in close proximity to one another.


How many Pendo can I charge for my service?

You can charge as many Pendo per hour for your service as you want. The law of supply and demand also regulates the price in Pendo.


How can I spend Pendo?

You spend your pendos on services offered by other members on the platform.


How can I earn Pendo?

You earn Pendo by providing service to other registered members.


Do I need to declare taxes on my income in Pendo?

No, if you are an individual. Yes, if you are a business. As an individual you can earn up to 3000 Pendo per year without being actively investigated by the Dutch tax authorities.
As an individual in the Netherlands you are not obliged to notify authorities about revenues/costs from casual work (overig werk).
Only if explicitly requested by authorities you will need to provide information about all services and goods offered/received by you for Pendos that go beyond the threshold of 3000 pendos.
If you use Pendo in your business, to pay your employees, you are obliged to pay BTW (Value added taxes) in the conventional currency. Please note: In this case your invoice has to include the BTW in Euro and not in Pendo and you are obliged to pay it like your other taxes.


What counts as casual work in the Netherlands?

Every income/revenue generated from causal work is tax exempt or to be reported to the authorities only after an explicit request. Casual work is defined as income/revenue from:
As freelance
Profitable income from freelance fall under entrepreneur income tax but are only to be declared by explicit request of the authorities.
As migrant worker
As artist or professional athlete
From a personal budget from family care
As regard from the undertaking of your fiscal partner
By doing jobs for others (e.g. shoemaker)
By writing articles or books
By giving courses or tutoring
By giving lectures
By producing or selling patents
By additional workload added to the normal amount
By occasional advise
As a member of the municipality
van kostgangers?
From foreign clients
From volunteering
If you are under 23 years old and earn less than 2,50 Euro/Hour or if you are above 23 and earn less than 4,50 you don’t need to declare your income to the tax authorities and therefore don’t need to pay taxes.
If you earn a maximum of 150 Euro/month or 1500 Euro/year you don’t need to declare your income and therefore don’t need to pay taxes.
For extraordinary rewards


What if I cause damage to a person or property as a result of an exchange in Pendo?

Private liability insurances (e.g. which cover me as an individual if I damage somebody else’s property) do not cover activities for which any kind of reward, in this case pendos, is received. Additional insurance is required.
For example, if you offer to repair somebodies BBQ and break it accidentally and cannot fix it, your insurance does not cover it. Likewise the insurance of the BBQ’s owner does not cover the damage cause by you. An additional insurance is in this case required.


Do I need to worry about Pendo’s terms and conditions?

Not really. But you should definitely read it. Here they are: Terms and Conditions, Privacy policy, General Terms of use and Disclaimer.


What’s with the name?

Kristaps came up with the name because it means value in Latin. Bernd likes the Swahili meaning of it better: Love.